Sensex ends 140 pts lower, Nifty below 19,700 weighed by auto, metal stocks

Closing Bell on Monday, November 20, 2023: In the broader markets, the BSE MidCap index ended mildly lower, down 0.06 per cent, while the BSE SmallCap index jumped 0.39 per cent

1:45 PM

ALERT: Former OpenAI CEO Sam Altman will be joining Microsoft, says Satya Nadella

OpenAI had announced Sam Altman's departure on Saturday, saying that he had been inconsistent with his communications with the board. Read

1:30 PM

Oberoi Realty jumps 5%, m-cap hits Rs 50,000 cr as company forays into NCR

In past one month, the stock has outperformed the market by surging 28 per cent, as compared to 0.34 per cent gain in the S&P BSE Sensex and 15 per cent rally in the S&P BSE Realty index. Read

1:16 PM

ALERT: SBC Exports to consider bonus share issue on Dec 5

1:00 PM

PFC, Yes Bank: Trading strategies for stocks to be added to BSE 100 index

Shares of TVS Motor, Hindustan Aeronautics, APL Apollo Tubes, Persistent Systems,  IDFC First Bank, Yes Bank, Power Finance Corp, UPL and Dabur are likely to remain in  focus in the coming trading sessions as the BSE Sensex 50, Sensex Next 50 and BSE 100  index rejig. Read

12:44 PM

Analysts upbeat on Tata Tech IPO; GMP signals robust demand

Strong headroom for growth in manufacturing-led engineering services and an attractive valuation have kept analysts upbeat on the initial public offering (IPO) of Tata Technologies (Tata Tech). Read

12:29 PM

Sector check :: FMCG, Auto, Media stocks dampen mood

12:18 PM

HCL Tech hits 52-week high, rallies 6% in 4 days; stock nears record high

In Q2FY24, new deal total contract value (TCV) stood at $3,969 million, and was up 153.6 per cent quarter-on-quarter (Q-o-Q) and 66.5 per cent year-on-year (Y-o-Y) with 16 new order wins. HCL Tech expects H2FY24 (October to March) traction to be driven by ramp-up of large deals and strong seasonality in the software business, which might be partly offset by discretionary project roll-offs. READ MORE

12:06 PM

ALERT :: Sebi chairperson urges investors to avoid F&O trading

11:55 AM

Serving up a slump: QSR players grapple with a side of demand downturn

Commenting on the Q2 performance, research analysts Devanshu Bansal and Vishal Panjwani of Emkay Research point out that listed companies posted 9 per cent and 11 per cent revenue growth in Q2 and the first half of FY24, respectively. This indicates a moderating growth trend compared to the annual growth of 15 per cent seen from 2019-20 through 2022–23, driven by inflation-led demand challenges. READ MORE

11:40 AM

Talbros Automotive zooms 19% on winning multi-year orders worth Rs 580 cr

The stock of the auto ancillary company surpassed its previous high of Rs 264 touched on October 30. At 09:50 AM, Talbros Automotive was quoting 17 per cent higher at Rs 275 as compared to 0.14 per cent decline in the S&P BSE Sensex. The average trading volume on the counter jumped over three-fold today with a combined around 1.3 million equity shares changing hands on the NSE and BSE till the time of writing of this report. Since April, the stock has zoomed 241 per cent. READ MORE

11:25 AM

Market Check :: Indices see sharp slide; M&M, Bajaj twins, TaMo drag Sensex

11:15 AM

Pharma majors turn attention to OTC drugs in post-pandemic wellness shift

ince the pandemic, when people suddenly found themselves alone and in a situation where they had to fend for themselves, OTC medicines have reached an inflection point. People’s awareness about their health needs and willingness to spend more on wellness has made India’s Rs 340 billion OTC drugs market even more robust. By the financial year 2026-27, it is expected to touch Rs 545 billion, growing at 11.5-12 per cent. READ MORE
 

11:02 AM

Buzzing stock :: Shreeji Translogistics surges over 10%; here's why

>> Shreeji Translogistics successfully expands Railway Rake Handling & Shifting (H&S) and Transportation services into different locations -- Vishakhapatnam (Andhra Pradesh), Bhilai (Chhattisgarh), Haridwar (Uttarakhand).

10:50 AM

RBI ban on 2 Bajaj Finance e-lending products: How it impacts borrowers

Existing Loans: Borrowers with existing loans should typically continue to adhere to their repayment schedules unless informed otherwise.
 

Loan Terms Modification: Existing borrowers might face changes in loan terms or repayment schedules. READ MORE

10:37 AM

Newgen Software locks at 5% upper limit, hits new high on bonus issue plan

For the July to September quarter (Q2FY24), the company had reported strong results with the consolidated net profit jumping 59 per cent year-on-year (Y-o-Y) to Rs 47.78 crore. The healthy earnings were driven by strong growth in the banking and financial services segment across geographies. READ MORE